Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Sells $81,000.00 in Stock

Key Points

• CEO Anthony Brian Goodman of Golden Matrix Group, Inc. sold 50,000 shares at an average price of $1.62, totaling $81,000, which decreased his ownership by 0.57% to approximately 8.65 million shares.
• Golden Matrix Group's stock experienced a 1.9% decline in trading, reaching $1.52, with a market cap of $210.66 million and a price-to-earnings ratio of -30.40.
• Institutional investors have significantly increased their stakes in Golden Matrix Group, with JPMorgan Chase & Co. raising its stake by 460.5% to own over 50,000 shares valued at $101,000.

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CEO Anthony Brian Goodman sold 50,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $1.62, for a total transaction of $81,000.00. Following the sale, the chief executive officer owned 8,654,079 shares of the company's stock, valued at $14,019,607.98. This trade represents a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, July 21st, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $1.63, for a total transaction of $81,500.00.
• On Monday, July 14th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $1.74, for a total transaction of $87,000.00.
• On Monday, July 7th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $1.71, for a total transaction of $85,500.00.
• On Monday, June 30th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $1.75, for a total transaction of $87,500.00.

Golden Matrix Group Trading Down 0.3%

NASDAQ GMGI traded down $0.01 during trading on Friday, reaching $1.48. 156,488 shares of the stock traded hands, compared to its average volume of 157,568. The company has a quick ratio of 0.66, a current ratio of 0.74 and a debt-to-equity ratio of 0.12. Golden Matrix Group, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.06. The stock's 50-day moving average price is $1.70 and its 200 day moving average price is $1.86. The firm has a market cap of $205.11 million, a price-to-earnings ratio of -29.60 and a beta of 0.34.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Golden Matrix Group in the first quarter worth $52,000. Squarepoint Ops LLC bought a new stake in Golden Matrix Group during the fourth quarter worth $84,000. JPMorgan Chase & Co. increased its holdings in shares of Golden Matrix Group by 460.5% in the fourth quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company's stock valued at $101,000 after purchasing an additional 41,752 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Golden Matrix Group by 6.7% in the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company's stock valued at $335,000 after purchasing an additional 10,690 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Golden Matrix Group by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company's stock valued at $1,235,000 after purchasing an additional 78,427 shares during the last quarter. Institutional investors own 2.74% of the company's stock.

About Golden Matrix Group

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.